PUBLISHER: SkyQuest | PRODUCT CODE: 1286036
PUBLISHER: SkyQuest | PRODUCT CODE: 1286036
Feed Acidulants Market size was valued at USD 2.36 billion in 2021 and is poised to grow from USD 2.52 billion in 2022 to USD 4.56 billion by 2030, growing at a CAGR of 6.85% in the forecast period (2023-2030).
Feed additives are used as supplements for farm animals. The animals are appropriately fed thanks to these chemicals. Examples of feed additives include fatty acids, vitamins, minerals, and amino acids. The bulk of these nutrients are not included in the regular diet that these animals consume, thus they must be obtained from outside sources. Applied to the feed, feed acidulants belong to a different class of additives. Several businesses, including those in the food, beverage, pharmaceutical, medical, cosmetic, and animal feed sectors, use these acidulants. Enhancing flavour and taste is the primary goal of feed acidulants. Because they help to improve the taste, act as an antioxidant, and perform well as a preservative, feed acidulants are added to the additives. Feed acidulants come in both organic and inorganic forms. Acidulants are generating a sizable demand in animal feed as a result of the development of animal husbandry and the increased demand for feed additives.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Feed Acidulants Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report:
The Global Feed Acidulants Market is segmented based on type, animal type, form, function, and region. Based on the type, the feed acidulants market is segmented into propionic acid, formic acid, citric acid, lactic acid, sorbic acid, malic acid, acetic acid, and other. Based on animal type, the feed acidulants market is segmented into poultry, ruminants, swine, aquaculture, and others. Based on the form, the market is segmented into dry and liquid. Based on the function, the market is segmented into pH control, feed efficiency, flavor, and others. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Driver
Because they help to improve the taste, act as an antioxidant, and perform well as a preservative, feed acidulants are added to the additives. Feed acidulants come in both organic and inorganic forms. Acidulants are generating a sizable demand in animal feed as a result of the development of animal husbandry and the increased demand for feed additives. Feed acidulants are organic promoters that can be added to feeds to improve feed quality by reducing bacteria while preserving nutritional value. It promotes the growth and performance of animals. Especially for pigs and poultry, feed acidulants can be incorporated immediately into a single ingredient or feed product.
Restraint
The increase in the cost of raw materials on a worldwide scale and the stricter government regulations in developed countries have a big impact on the growth of the compound feed industry. Cost and nutritional value have a big impact on the type and quantity of feed raw materials used in feed acidulants. The price of meals manufactured from animal byproducts vary with every change in the production and consumption of animals and their products, respectively. This could have an impact on the market's growth throughout the course of the projected period.
Market Trends
A rise in the consumption of meat and meat products, increased government spending, and public awareness campaigns about the usage of feed acidulants are some other factors that support expansion. These are a few of the factors that support the expansion of the market for feed acidulants. The creation of several unique items will be aided by increased research and development. This is expected to present opportunities for producers of various feed acidulants.